The Sutter Creek City Council voted to acquire the Historic Knight's Foundry at their meeting last night. The Knight's Foundry, the only remaining water-powered foundry and machine shop in the United States, is considered one of the most important historic sites in the City. It has been recognized as a Federal and State Historic landmark, and was declared one of the countries’s most endangered historic places by the Smithsonian Institution. Under the agreement approved last night, the current owner, Richard Lymann will donate the land the foundry sits on to the City immediately, and then sell the contents of the property to the City for $325,000 by April 15th of next year. Council members and members of the public who supported the deal were confident that the money for the transaction could be obtained through private fund-raising. Lymann has owned the property since 2000; the Foundry has not operated since 1996. The City hopes to restore the building and forge to operation so that the site can serve as a museum and educational site. The Council voted to approve the sale unanimously and was greeted with applause from the audience after the vote. The Council also voted to accept the results of the 2016 election. New Councilwoman Josie Cadieux-Faillers was sworn in, as were returning Councilmen Robin Peters and Tim Murphy.